Texas Instruments (TXN) Updates Q3 Earnings Guidance
Texas Instruments (TXN) issued an update on its third quarter earnings guidance on Tuesday morning. The company provided earnings per share guidance of $0.45-0.49 for the period.
Texas Instruments (TXN) traded down 0.31% on Tuesday, hitting $28.58. Texas Instruments (TXN) has a 52-week low of $25.78 and a 52-week high of $34.24. The company has a market cap of $32.517 billion and a price-to-earnings ratio of 21.00.
Texas Instruments last announced its earnings results on Monday, July 23rd. The company reported $0.44 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.40 by $0.04. The company’s quarterly revenue was down 3.6% on a year-over-year basis. On average, analysts predict that Texas Instruments (TXN) will post $0.00 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on TXN shares. Analysts at UBS AG reiterated a neutral rating on shares of Texas Instruments in a research note to investors on Monday. On a related note, analysts at Exane BNP Paribas reiterated an underperform rating on shares of Texas Instruments in a research note to investors on Thursday, September 6th. Finally, analysts at Evercore Partners reiterated an overweight rating on shares of Texas Instruments in a research note to investors on Tuesday, September 4th.
Texas Instruments Inc. (TI) designs and makes semiconductors, which it sells to electronics designers and manufacturers globally.
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